|Bid||0.00 x 1800|
|Ask||0.00 x 1200|
|Day's Range||113.86 - 115.31|
|52 Week Range||85.78 - 115.49|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||39.85|
|Earnings Date||Aug 15, 2019|
|Forward Dividend & Yield||2.12 (1.85%)|
|1y Target Est||111.31|
Amazon and Walmart are cutthroat competitors. But they share one important thing: Both companies have been miscast as corporate villains by Democratic presidential candidates trying to score easy outrage points with voters. Yahoo Finance's Rick Newman joins The Final Round to discuss.
Sam's Club offers store-only and Mastercard credit cards with several membership and rewards program options.
One reason wages aren’t rising faster: companies making some creative moves to their corporate hierarchy.
The differences between Walmart's business model and Target's are immediately apparent. Walmart prefers the lowest cost, while Target angles more toward profit margin and youthful image.
Investing.com - The European Central Bank’s policy meeting will be front and center this week as investors wait to see what action central bank head Mario Draghi may take to support the euro area economy.
Retirement Systems of Alabama made the investment moves in the second quarter. Stock in Walmart has reached record highs since then.
Walmart Inc. is reorganizing some of its leadership team in the wake of the decision to absorb Jet.com into its digital business. In the memo sent to associates, which was also sent to MarketWatch, Greg Smith has been named to head the combined supply chain team, which will bring together supply chain heads for grocery, e-commerce, fleet operations, and other business functions. Nate Faust, who had been leading the e-commerce fulfillment process, will help with this transition and then move to another post within the company, which will be discussed at a later time. Michael Dastugue has been named Walmart U.S. chief financial officer and Steve Schmitt, who is currently the CFO for Sam's Club, has been named U.S. e-commerce CFO. Brandi Joplin, currently chief audit executive, will take on the role of Sam's Club CFO and Todd Sears, currently assistant controller, will become chief audit executive. Ashley Buchanan has been named U.S. e-commerce chief merchandising officer. And Jeff Shotts, who is currently the e-commerce CFO, will now lead the U.S. marketplace business, reporting to Marc Lore. There are now openings for chief experience and strategy officer, chief product officer, and leader of the customer care team. Walmart stock has rallied more than 23% for the year to date while the Dow Jones Industrial Average is up 17% for the period. Read: Walmart CEO McMillon says the retailer has been playing ‘catch up’ in e-commerce
Over this decade, the freight industry has witnessed a steady queuing up of stakeholders within the market toward digitalizing their workflow, with the hope of improving visibility into operations and end-to-end transparency across supply chains. "The problem is not technology, it is the organization of the market," he said.
(Bloomberg) -- Walmart Inc. is conducting its second U.S. restructuring in as many months to better integrate its money-losing online business with its 4,700 physical stores.The world’s largest retailer will merge the logistics and finance teams for its e-commerce unit and stores, according to an internal memo obtained by Bloomberg News. The company’s merchandising operation, which makes critical decisions on what products to carry, when to carry them and at what price, will maintain separate teams “to enable focus and speed,” Chief Executive Officer Doug McMillon said in the memo.Walmart’s digital business is inextricably tied to its stores, evidenced by its fast-growing grocery pickup service, where online orders are picked in its aisles, then trotted out to customers in the parking lot. Responsibility for that web grocery business falls under U.S. CEO Greg Foran rather than e-commerce chief Marc Lore.The decision to keep merchandising separate -- for now at least -- illustrates the primacy of Walmart’s in-store merchants, who for decades have wielded vast power inside Walmart’s sprawling corporate bureaucracy. It also shows the increasing complexity of managing an online business that sells about 75 million products, many from small third-party sellers, and now promises next-day delivery in many states to battle rival Amazon.com Inc.Separately, Walmart is expanding the role of Chief Customer Officer Janey Whiteside, who joined the company in 2018 after many years at American Express Co. She’ll now be responsible for running the team’s financial services, product returns and Walmart’s burgeoning advertising business -- ancillary units that are growing in importance as they generate incremental revenue and profit.Renewed PressureWalmart is facing renewed pressure to produce earnings at its online unit as it tries to keep traditional rivals like Target Corp. at bay and simultaneously chip away at the lead built up by Amazon. Underscoring the challenge, the Seattle-based e-commerce giant just wrapped up its Prime Day promotional event earlier this week, with sales surpassing those on Black Friday and Cyber Monday combined. Walmart’s mission is complicated by the recent loss of its e-commerce chief revenue officer in the U.S., Scott Hilton, who had been a long-time lieutenant of Lore.Another of Lore’s deputies, Nate Faust, who had been running the supply chain for Walmart.com, will move to a new, undefined role, the memo said. Faust was one of the founders of Jet.com, which Walmart acquired in 2016 and has now been fully integrated into the larger company amid declining traffic and revenue.The newly combined logistics division will be led by Greg Smith, who currently runs that unit for the U.S. stores, while U.S. stores finance chief Michael Dastugue will take charge of the integrated team there. Ashley Buchanan, who currently runs merchandising at Walmart’s warehouse subsidiary Sam’s Club, will assume the new role of chief merchandising officer for U.S. e-commerce, but will remain in Bentonville, Arkansas, instead of moving to the unit’s California headquarters.Walmart’s U.S. online business has grown, becoming a viable second fiddle to Amazon after the division’s revenue expanded 40% last year. But the business continues to be in the red, with losses expected this year of about $1.7 billion, up from $1.4 billion last year, according to Morgan Stanley estimates.To contact the reporter on this story: Matthew Boyle in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Jonathan Roeder, Mark SchoifetFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
As retailers get in line to roll out their quarterly earnings results in the coming weeks, the sharp divide between the fortunes of some of the nation’s largest retailers will come into focus. Given the record number of store closings already announced this year, investors shouldn’t expect a whole lot of good news to come out of some of the nation’s largest merchants. Many analysts expect department store retailers like J.C. Penney Company Inc (NYSE: JCP) and Kohl’s Corporation (NYSE: KSS), for example, to continue to show deteriorating sales as they struggle to keep up with the shifts in spending.
Costco Wholesale Corp. (COST), the members-only, big box discount retailer, charges $60 for it's lowest level membership, the Costco Gold Star membership. This may seem like steep cost to buy things, but Costco uses a subscription model of business for three reasons. With several large supermarkets, Wal-Mart Stores, Inc. (WMT) Supercenters, Target Corp. (TGT), Sam’s Club, BJ’s Wholesale Club, and a variety of neighborhood groceries and farmer’s markets, Americans have lots of choice about where to spend their weekly food budget.
Hardly any online shopper could have missed the barrage of specials on Amazon's (NASDAQ:AMZN) "Prime Day". And hardly and Amazon stock investors could have missed it either.This is a specially invented holiday first started in 2015 -- Amazon's 20th anniversary -- to compete with the traditional "Black Friday" shopping hysteria following the day after Thanksgiving.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEnding last Tuesday, Prime Day was extended to a 48-hour event that listed over 1 million items at prices marked down from Amazon's already rock-bottom prices. While many items on sale are likely loss leaders, meaning they are sold at below cost simply to attract web traffic, the ultimate goal is to grow the number of paying Amazon Prime subscribers.Membership to Amazon Prime, which offers free delivery on most items and a list of other perks, such as a variety of free online streaming videos, costs $119 a year or $59 a year for students. Analysts estimate that while regular Amazon customers spend an average $600 per year, Amazon Prime members spend an average of $1,400 a year.Getting listed as an Amazon Prime Day special can be an outright windfall for vendors. According to Amazon on Tuesday afternoon, with just hours to go before the close of Prime Day, "Worldwide sellers -- predominantly small and medium-sized businesses -- saw the biggest 24-hour sales day in Amazon history."Preliminary estimates suggest that the second Prime Day even generated $5.8 billion in sales. * 10 Best Cryptocurrencies to Keep on Your Radar With Amazon stock now trading near an all-time high of $2,010, giving it a market capitalization of nearly $1 trillion, the company is more valuable than the economies of many African nations. Can there be any upside left for AMZN shares? The Future of Amazon StockThe answer could be in how successful Amazon is in leveraging a few high-growth product categories. Top-line revenues will most likely continue to see double-digit growth. But, that alone may not lead to AMZN stock being able to meet and beat highly optimistic analyst earnings forecasts.Almost all of Wall Street is cheering Amazon stock on with consensus estimates and if all goes according to plan, they expect earnings to also grow by double digits. In fact, Jeff Bezos, Amazon founder and the world's wealthiest person even after he made the largest divorce settlement in history, has often commented that for AMZN to grow past the $250 billion annual revenue target, it will need to rely heavily on expanding sales of low-margin, generic items. These include t-shirts, tube socks and groceries.In short, Amazon's core top-line revenue driver will continue to be competing in the retail consumer market as an online Walmart (NYSE:WMT). However, low priced t-shirts and tube socks do not exactly deliver the juicy profit margins of Apple's I-Phone X. And they aren't necessarily the primary driver of AMZN stock in the bigger picture.Growing top-line revenues by offering rock-bottom prices is simple enough. But will that top-line growth actually trickle down to earnings? Bottom Line on AMZNSome areas that investors will focus on are a few select high margin businesses, such as Amazon Web Services. Already, their fastest-growing business unit, AWS provides cloud computing processing power and data storage on a pay-as-you-go basis, much like an electric utility. Initially offered in 2002, AWS sales for the first quarter of this year reached $7.7 billion. This was a 41% increase from the $5.44 billion a year earlier, and it slightly beat the $7.69 billion average analyst estimate. This massive growth in AWS makes it the dominant source of earnings growth for all of Amazon. That will be a tough number to beat.Amazon has also launched its in-house fashion line which, according to Cosmopolitan, is "pretty damn cool." Along with serving as an official retail outlet for pricey luxury items from designers such as Calvin Klein and Michael Kors, AMZN is clearly investing heavily in a number of high-margin businesses far removed from tube socks and t-shirts. * 7 of the Best Smart-Beta ETFs to Target Right Now The next quarterly earnings announcement for Amazon will be July 25. Over the last few years, Amazon stock has racked up an impressive record of surprising the market by announcing numbers exceeding estimates. Enthusiasm about the next earnings release is at a dizzying peak to the point that the market expects little short of Amazon announcing that it discovered a cure for cancer and found a solution to end global warming.However, many skeptics are starting to bail on AMZN stock and taking profits now. The slightest hiccup in the frothy Amazon story with earnings-per-share numbers actually falling a few pennies below analysts' forecast, and an utterly unthinkable scenario, could lead to a rapid de-frothing of Amazon stock's sky-high share price.As of this writing, Theodore Kim did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Is Amazon Stock Really Worth All the Hype After Prime Day Buzz? appeared first on InvestorPlace.
(Bloomberg) -- Oyo Hotels and Homes founder Ritesh Agarwal will invest $2 billion to triple his stake in the SoftBank-backed Indian lodgings startup he established in his teens.Agarwal will buy shares from existing investors Lightspeed Venture Partners and Sequoia India, which will remain backers of the startup, the company said in a statement. The deal will value Oyo at about $10 billion and raise Agarwal’s slice of the company to 30% from about 10% now, people familiar with the matter said, asking not to be identified discussing a private transaction. The entrepreneur won support from banks and other financial partners for his deal, Oyo said.That valuation makes Oyo one of India’s most valuable startups, ranking after One97 Communications, the parent of digital payments pioneer Paytm. E-commerce giant Flipkart Online Services Pvt was acquired by Walmart Inc. last year in a $16 billion deal. Oyo, which provides accommodation to travelers from India and China to the U.K. and U.S., grew revenue more than four times in June from a year earlier. It now has a million rooms under its brand, of which more than 200,000 are in India.Agarwal founded the startup in his teens after dropping out of college and roaming India on a shoestring budget. The wild, erratic standards at hotels and guest houses he encountered inspired him to start the online service, and the brand now aims to provide travelers a consistent experience.Oyo mainly signs on hotel owners and then helps them upgrade everything from bathroom fittings to furniture and bedding, and then provides them standardized supplies like sheets and toiletries, and support to train their staff.It employs hundreds of people in the field who evaluate properties on some 200 factors, from the quality of mattresses and linens to water temperature. To get a listing, along with a bright red Oyo sign to hang street-side as a seal of housekeeping approval, most hoteliers must agree to a makeover that typically takes about a month. Oyo then gets a cut of roughly 25% of every booking. Rooms usually run between $25 and $85.“It is a very exciting time for Oyo right now as we make great living spaces come alive across all corners of the world from Texas to Tokyo,” Agarwal, who is also chief executive officer, said in the statement.He will carry out the transaction, which requires shareholder and regulatory approval, through an entity called RA Hospitality Holdings (Cayman), Oyo said.“We remain committed to supporting this world-class management team,” Mohit Bhatnagar, managing director of Sequoia Capital India Advisors, said in the statement.(Updates with valuation and stake from the first paragraph.)To contact the reporter on this story: Saritha Rai in Bangalore at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
As the political debate roars on, the numbers are clear: Even two full-timers at U.S. minimum wage can't keep a family of four above the poverty line.
Walmart de Mexico, Mexico's largest retailer, on Thursday reported a nearly 10% jump in second-quarter net profit, beating expectations as higher traffic partly attributed to Mother's Day and the summer season boosted sales. Sales at Mexican stores that have been open at least a year rose over 5%, signaling healthy performance for parent company Walmart Inc's largest overseas market by store count. Walmart brand stores in Mexico saw "robust" growth thanks to discounts tied to the summer vacation season, Mother's Day and Father's Day, the retailer said.
Against the backdrop of a stock market that is firing on all cylinders and surging to fresh all time highs, Walmart (NYSE:WMT) stock has likewise been firing on all cylinders. In 2019, Walmart stock price is up a whopping 23%.Source: Shutterstock That's a big number. To put that 23% gain through a bit more than six and a half months in perspective, if Walmart stock price was flat for the rest of the year and closed 2019 up 23%, 2019 would still be the stock's second best calendar year performance this century. * 7 Stocks Top Investors Are Buying Now The sizzling performance from WMT stock comes despite the broader retail sector having struggled the whole year; the SPDR S&P Retail ETF (NYSEARCA:XRT) is up just 4% year-to-date. Meanwhile, Walmart stock is trading at a decade-high valuation of 23 times analysts' average forward earnings estimate. Thus, one could very reasonably argue that retail stocks' woes and an extended valuation will catch up to Walmart stock in the back half of 2019, and ultimately cause WMT stock to lose its gains from the first half of the year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut this thesis is flawed for three major reasons. Those three huge reasons are as follows:* Market and consumer economic fundamentals remain healthy, and support continued asset-price appreciation and healthy consumer spending for the foreseeable future.* Walmart has separated itself from the rest of the retail pack, and will continue to post better-than-average numbers for the foreseeable future.* Given the favorable backdrop and the company's enhanced growth trajectory, WMT stock warrants its presently inflated valuation.Consequently, I think the outperformance of Walmart stock will persist into the end of the year. I further believe that when all is said and done, Walmart stock price will be around $120 at the end of the year. The Macro Fundamentals Are FavorableThe macro fundamentals supporting not just WMT stock, but all consumer-facing stocks, are healthy today and look poised to remain healthy for the foreseeable future.Financial markets are heavily influenced by low real interest rates. As interest rates have crept lower in 2019, that has allowed equity yields to move lower, too, and stocks have benefited from significant multiple expansion in 2019. This dynamic will persist because the Fed now appears to be on a rate-cutting cycle which could last for several months. As long as this rate-cutting cycle remains in play, rates will remain low, and the market environment will remain risk-on and favorable for stocks.On the economic side, all the "slowing growth" that everyone is talking about is happening on the manufacturing side (we appear to be heading into a manufacturing recession, mostly thanks to U.S.-China trade tensions). On the consumer side, though, everything remains fine. Unemployment rates are at record lows. Wage gains are running at decade-high levels. The savings rate remains high. Household debt isn't a problem.Interest rates are low. Retail sales numbers have been strong. All of these favorable conditions should remain in play with the Fed now cutting rates, which should juice the economy and provide even more firepower to an already healthy U.S. consumer.So market and economic conditions are presently very healthy for consumer-facing names like WMT stock, and should remain healthy for the foreseeable future. Walmart Has Separated Itself From The Retail PackAlthough market and economic conditions have been healthy for consumer-facing stocks in 2019, certain consumer-facing stocks - namely, most retail stocks - have continued to struggle.That's because a majority of retailers are still struggling to keep up with the times. Many of them are attached to malls, which have continued to suffer from non-cyclical traffic declines. Many of them haven't built robust e-commerce businesses. Indeed, some of them don't even have an omni-channel presence. Most of them are also niche, don't have the resources to compete with Amazon (NASDAQ:AMZN), and have failed to invest meaningfully in their businesses.Walmart does not fall into any of those categories.Walmart is an off-mall retailer. It has a huge e-commerce business that is growing at a 30%-plus pace. WMT has a big, rapidly expanding omni-channel business that includes pick-up in-store and delivery. The company is not niche; Walmart has basically become an all-in-one retailer where consumers can find everything from electronics to clothes to groceries - and it has more than enough resources to compete with anyone in the world. It's taking those resources, and investing them back into its business through in-store remodels, enhanced web stores, and improved logistics.All in all, Walmart has separated itself from the retail pack. This separation will enable Walmart to succeed going forward, even as other retailers may struggle. Walmart Stock Is Worthy of Its Current ValuationWMT stock presently trades at 23-times forward earnings. That is the biggest forward earnings multiple this stock has received over the past decade. Indeed, the current 23-forward multiple represents a 30%-plus premium to the stock's five year average forward multiple of 17.5.From this perspective, one could very reasonably argue that WMT stock is overvalued.But that argument would misunderstand why investors have been willing to pay 23-times forward earnings for WMT stock today. The Walmart of today is much better than the Walmart of yesterday. Until recent years, Walmart had been a low-growth company with sluggish traffic trends, eroding margins, and strong competitive pressures from e-commerce. Today, though, Walmart is a faster growing company with healthy traffic trends, improving margins, and easing competitive pressures. The company is also innovating at a rapid pace, giving investors confidence that today's improved trends will persist over the next several years.Given these points, I reiterate that WMT stock is on track to close 2019 around $120, based on the idea that WMT's revenue is poised to grow steadily, while it has healthy margin drivers and strong profit growth potential over the next few years. The Bottom Line on WMT StockWalmart stock is up by a large amount this year. But its rally isn't over. Over the course of the next six months, the market and economic environments will remain favorable, Walmart's numbers will remain healthy, and WMT stock will continue to benefit from supercharged investor demand. This trio of tailwinds will ultimately propel Walmart stock close to $120 by the end of this year.As of this writing, Luke Lango was long WMT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post The 3 Big Reasons to Stick With Walmart Stock in 2019 appeared first on InvestorPlace.